Head Of Rewards

As a member of the Global Total Rewards team this role is responsible to lead the strategic design implementation and ongoing governance update of the compensation and benefit programs for Ameriprise presence in India Incumbent to engage effectively with Senior Business Leaders HR Business Partners and other COE HR functions as appropriate to design evaluate and deploy Ameriprise India s compensation and benefits strategies in alignment with the Company objectives Reward philosophy of the enterprise and local business requirements Lead the annual Compensation and Benefits agenda for the organization such as regular review cycles and performance bonus plans Identify develop and implement solutions that address business needs and align with the company s reward philosophy Develop and manage benefits programs including health insurance retirement plans wellness initiatives and other employee benefits Execute annual employee benefits renewal enrolment processes Conduct market analysis and bench marking studies to ensure competitive reward structures policies and practices Review compensation structures and role based pay levels to ensure alignment with evolving market conditions in India Maintain industry knowledge and leverage data analytics to evaluate compensation and benefit trends and program effectiveness Report on reward metrics compensation gaps and benefit utilisation to inform decision-making Manage the governance framework of Compensation Benefits and HR Compliance to ensure conformity with company policies and statutory mandates Manage the annual audit reviews conducted by both internal and external auditors Ensure programs and initiatives are implemented effectively and escalated issues are resolved in a timely manner Work with global reward team and other stakeholders as appropriate to ensure alignment of India reward practices with the company policies as appropriate and ideate opportunities that could be considered for improving effectiveness of global reward function Curate employee communication strategies that educate employees on compensation and benefits provide clarity on reward structures and promote understanding of reward programs Participate in the global reward projects as required Collaborate and consult with global payroll leadership regarding Ameriprise compensation and benefit enhancements that may impact payroll configuration for India Review and approve recommendations and changes brought forth by global payroll or our third-party payroll vendor prior to implementation to ensure alignment or impact to downstream processes within the country Serve as a member of the HR leadership team in India Lead a team of specialists responsible for managing Compensation Benefits Payroll Employee Record Management and Time and Attendance operations Provide effective leadership coaching and development to direct reports About Our Company Ameriprise India LLP has been providing client based financial solutions to help clients plan and achieve their financial objectives for 125 years We are a U S based financial planning company headquartered in Minneapolis with a global presence The firm s focus areas include Asset Management and Advice Retirement Planning and Insurance Protection Be part of an inclusive collaborative culture that rewards you for your contributions and work with other talented individuals who share your passion for doing great work You ll also have plenty of opportunities to make your mark at the office and a difference in your community So if you re talented driven and want to work for a strong ethical company that cares take the next step and create a career at Ameriprise India LLP Ameriprise India LLP is an equal opportunity employer We consider all qualified applicants without regard to race color religion sex genetic information age sexual orientation gender identity disability veteran status marital status family status or any other basis prohibited by law Full-Time Part-Time Full time Timings 2 00p-10 30p India Business Unit HR Human Resources Job Family Group Human Capital